Alphabet’s Century Bond is a Quiet Wager Against Sterling

Alphabet’s Century Bond is a Quiet Wager Against Sterling - Moby THE GIST Alphabet has served up a rare 100-year bond in sterling as part of a multi-currency borrowing blitz designed to fund a massive AI buildout. On the surface, it is just smart liability management and investor base diversification. Under the hood, it looks a lot like a soft bet that sterling funding is cheap today and may look even cheaper tomorrow. WHAT HAPPENED Alphabet kicked off the week with a $20 billion US dollar bond sale t ...